DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5, 440 Cash Balance Cash May 1, 2021 + Receipts $5,450 $11,190 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,290 Cash Disbursements $11,200 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries 1,720 Date 5/7 5/12 5/15 5/22 5/30 5/31 2,350 2,820 3,010 Amount $ 1,130 1,500 3,430 1,330 380 3,430 $11,200 $11,190 Member FDIC 7772854360 May 31, 2021 Ending Balance May 31, 2021 $6,803 P.O. Box 162647 Midwest Bank Bowlegs, OK 74830 Looking Out For You (405) 369-CASH Account Holder: Diaz Entertainment Account Number: 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: Account Summary Withdrawals and Beginning Balance Deposits and Credits Debits May 1, 2021 NO. Total NO. Total $6, 090 7 $9,436 9 $8,723 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 5/4 $ 1,290 DEP 5/1 469 $ 380 CHK 5/11 1,720 DEP 5/2 470 260 CHK 5/18 2,350 DEP 5/9 471 1,130 CHK 5/20 1,200 NOTE 5/11 230 NSF 5/20 INT 5/12 472 1,500 CHK 5/25 2,820 DEP 5/18 473 3,430 CHK 5/31 13 INT 5/20 EFT 5/25 1,330 CHK 5/31 SF $ 9,436 Daily Balance Date Amount 5/1 $5,710 5/2 5,450 5/4 6,740 5/9 5,610 5/11 7,100 5/12 5,600 5/18 4,520 5/20 5,333 5/25 6,823 5/31 $6,803 430 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds Additional information: a. The difference in the beginning balances in the company's records and the bank statement relates to checks #469 and #470, which are outstanding as of April 30, 2021 (prior month). b. The bank made the EFT on May 20 in error. The bank accidentally charged Diaz for payment that should have been made on another account. 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction list Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction list Journal entry worksheet Record the amounts that decrease cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Accounts Payable Accounts Receivable Common Stock Income Tax Expense Inventory No Journal Entry Required Notes Payable Notes Receivable Postage Expense
